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Three Bedroom House (ref. 40677270)
Date & Time Listed: 2020-06-18 11:14:53 (GMT)
This large three bedroom house is located in Castle Point and is just a short walk from Lewis & Clark Elementary School. The home has three large bedrooms, one bathroom and a large lounge diner. The property is currently being updated throughout and made rental ready to a Section 8 standard. Brand new tenants will be placed by the management company paying $850 each month when the new owner closes on the property.The tenants will be Section 8 housing so the rent will be guaranteed and paid by the US Government.
This property is located in Castle Point which is only 11 miles from the centre of Downtown Saint Louis. This property is also close to Lewis & Clark Elementary School and The Saint Louis County Library. There are also many great schools in this area.
Purchase price: 45,900
Gross annual rental income: $10,200
Property running costs: $2,320
(Tax, insurance and management costs)
Net annual rental income: $7,880
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 45,900.00 USD
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